Wells Fargo plans market-linked notes tied to iShares MSCI EAFE, EM

By Toni Weeks

San Luis Obispo, Calif., July 13 – Wells Fargo & Co. plans to price 0% market-linked securities with leveraged upside participation and contingent downside due July 2019 linked to the worst performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the worst-performing fund is positive, the payout at maturity will be par plus 240% to 260% of the return of the worst-performing fund, with the exact participation rate to be set at pricing.

Investors will receive par if the worst-performing fund decreases by up to 30% and will lose 1% for each 1% decline from its initial level if the worst-performing fund falls by more than 30%.

Wells Fargo Securities LLC is the agent.

The notes (Cusip: 94986RXV8) will price and settle in July.

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